Articles

Insurance

Fairfax mulls Advent-Brit synergies at Lloyd’s as it faces 'considerable challenges'

Advent Capital Holdings and Brit, both units of Fairfax Financial Holdings, are planning to merge some of their Lloyd’s business and place the rest into run-off following a detailed portfolio review.   12 July 2018

Insurance

Markel overhauls leadership; hires ex-Chubb COO to accelerate growth

Specialist insurer Markel Corporation has overhauled its leadership structure and hired a Chubb executive as part of this as it looks to accelerate growth.   12 July 2018

Insurance

The accuracy of risk models is assessed in new JLT Re report

Risk models are good at estimating the losses arising from ‘conventional hurricane events’ but their performance decreases when it comes to more severe or unusual events, according to a study by JLT Re, which analysed the precision of modelled market loss estimates for significant hurricanes since 2004.   12 July 2018

Insurance

Market M&A drives MGA growth as entrepreneurs form start-ups

The growing number of managing general agents (MGAs) in the UK insurance market is being driven by the continuing wave of insurer consolidation and entrepreneurial spirit of some underwriters wanting to start up their own businesses, according to The Managing General Agents’ Association’s (MGAA) Chairman, Charles Manchester.   12 July 2018

Insurance

Everest promotes from within for chief claims officer

Bermuda-based Everest Re Group has promoted Patricia McMahon to the role of senior vice president and chief claims officer of Everest Insurance.   12 July 2018

Insurance

RSA appoints new head of Dubai operations

RSA Insurance Group has appointed Chris Riley as senior executive officer for its operation in the Dubai International Financial Centre (DIFC).   12 July 2018

Insurance

LIIBA forms new delegated authority group focused on LM TOM

The London Insurance and International Brokers Association (LIIBA) has created a new delegated authority working group to focus on the London Market Target Operating Model (LM TOM) and its impact on binders and line slips.   12 July 2018

Insurance

Stonybrook appoints former AIG as COO, general counsel

Insurance-focused advisory and investment firm Stonybrook Capital has hired Paolo Grassi as new COO and general counsel.   12 July 2018

Insurance

MGAs tap new capacity providers

Managing general agents (MGAs) have traditionally received their capacity from insurers but are now increasingly taking advantage of alternative capacity providers, MGAA chairman Charles Manchester suggested in conversation with Intelligent Insurer.   11 July 2018

Insurance

Lloyd’s launches new digital distribution platform

Specialist re/insurance market Lloyd’s has launched a new digital distribution platform designed to quickly and efficiently connect insurance businesses and entrepreneurs with Lloyd’s underwriters.   11 July 2018

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